mccarthy motor holdings

Naamsa and Associated Motor Holdings (AMH) recently released the new car sales figures for the month of September, and with a 6,1 per cent increase in sales over August, it seems that things are looking up, even though it be ever so slight

The latest Naamsa reports show that April proved a disastrous month for new car sales, during which only 26 283 units were sold – a 43 percent decrease on the figures for April 2008, and the lowest monthly sales since December 2003, when 23 040 vehicles were sold.

We can expect that the tough trading conditions in the South African motor industry will prevail until the first quarter of 2010. However, we are not helpless, there are many things we can do. We have to stay optimistic and upbeat, and not be afraid of the future, says Brand Pretorius.

Automechanika witnessed its first South African show at NASREC this month. Although new to SA, its roots go way back to 1971 in Frankfurt, where the idea was to showcase automobile parts and repair shop, service station and garage equipment…

South African new vehicle sales fell by a staggering 21,1 per cent last year, and the passenger car segment suffered the steepest decline – it finished 24,3 per cent lower than in 2007 and a no less than 31,6 per cent lower than in the heady trading of 2006.

McCarthy Motor Holdings chairman Brand Pretorius expects SA’s total vehicle sales to decline by 9,4 per cent in 2009 and has urged the industry to restructure, re-invent and refocus its business models to survive another challenging year.

According to figures released by the National Automobile Dealer Association, Brand Pretorius, chief executive of McCarthy Motor Holdings, said that franchise vehicle dealers in South Africa were in a state of crisis.

McCarthy Motor Holdings has announced the launch of the Chery brand in South Africa. With the marketing slogan “More Car, more life,” McCarthy aims to vigorously promote Chery as a means of offering more affordable motoring to the local public. Establishe

It comes as no surprise to learn that Naamsa reported a decline in vehicle sales for the month of June. With obstacles such as interest rate hikes and implementation of the National Credit Act, it was only a matter of time before the motor industry felt the repercussions.